Both, Paulson spent are will spend about 1.3 trillion, but the fed has sent about 2 trillion out the window.
So we have some deflation now and democrats want to spend lots of $$$ ,that we dont have without creating or borrowing(ala GWB) it. This has to be inflationary eventually. So maybe we government jobs and some inflation and unemployment benefits? Is that an accurate picture? And how can the public be turned against this idea, or are we just screwed for a decade as some predict?
I assume their bills will be loaded with crap to get it passed and the faster they can get them through, the less we will know.
I have an old book by James Dale Davidson ‘The Great Reckoning’ that predicted this for the 1990s under Clinton, war debt, deficits, deflation, massive stimulus packages, .... looks like now not then